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29 July 2015

Avtodor has announced an investment tender for the construction and operation of high-speed highway Moscow - St. Petersburg at sections 58th km – 97th km and 97th km – 149th km

On 28 July 2015, State Company Avtodor has announced an open tender for the right to enter into long-term investment agreement for the financing, construction and operation of a high-speed highway M-11 “Moscow - St. Petersburg” at sections 58th km – 97th km and 97th km – 149th km (the first and the second stages).

As opposed to the previous launch of tender conditions of long-term investment agreements, the tender documents of this project provide for an increase in off-budget financing from 10% to 20% ,and a slight increase in the tender period.  This will be the first tender for the right to enter into a long-term investment agreement, to be held in two stages: preliminary and competitive selection.

The opening of bids will be conducted starting from 12.00 am. on 26 August 2015.

Consideration of the submitted bids and summarizing of the results as to the preliminary selection will be conducted no later than 18 September 2015.

Bids will be accepted starting from 21 September 2015.

The deadline for bids - 12.00 am. on 22 October 2015.

Bid opening will begin at 12.00 am. on 22 October 2015.

Consideration, evaluation, and comparison of the submitted applications, as well as summarizing of the tender results will be conducted no later than 18 November 2015.

The signing of the long-term investment agreement with the State Company will be held no later than 23 December 2015.

Dates are subject to change in  accordance with tender documentation.

The responsibilities of the contractor under the agreement include site preparation, implementation of the construction of highway M-11 “Moscow-St. Petersburg” at sections 58th km – 97th km and 97th km – 149th km (first and second stages), and co-financing of the project based on owned resources and borrowings.

After the commissioning of the highway, the contractor will carry out the maintenance, perform regular and capital repairs, fulfill other obligations as to the operation of the road.

State funding of the object construction will not exceed 55.8 billion rubles. The maximum amount to be paid to the contractor under the agreement on the part of the State Company for the purposes of ensuring proper operation of the road will not exceed 17.1 billion rubles.

The maximum amount of the basic premium to inflation is 4.65% (this indicator is used to calculate the investment payment providing the return on the investments of the contractor).

The above-mentioned parameters of the project cost are subject to reduction in the course of the tender.

The amount of the contractor’s investments in the project will be equal to 13.966 billion rubles and will not be subject to reduction in the course of the tender.

The term of validity of the Agreement is 23 years.

Both tender and project documentation can be found on the official website of the State Company.

The notice as to the announcement of the tender, as well as the tender and project documentation are available on the website of the Russian Federation meant for placing orders (www.zakupki.gov.ru) and on electronic trading platform (http://etp-avtodor.ru).

Technical documentation is available on the official website of the State Company www.russianhighways.ru

The section of the high-speed highway M-11 (58th km – 97th km), which is going to be 89.01 km long, will be built in the course of three years (2015 through 2018).  It will run through the territories of the Moscow and the Tver regions. The road will comply with the requirements for category IA, which characterizes it as the highway with the estimated driving speed of 150 km/h.